ZCZL Industrial Technology Group Co (SHSE:601717) Days Payable: 149.29 (As of Mar. 2026) — 21% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:601717 ZCZL Industrial Technology Group Co Ltd SHSE:601717
74 GF Score
Price ¥15.34
GF Value ¥17.26
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is ZCZL Industrial Technology Group Co Days Payable?

ZCZL Industrial Technology Group Co SHSE:601717 -2.36% 74 Days Payable is 149.29 as of Mar. 2026, which is 21% above its 10-year median of 123.77. GuruFocus rates SHSE:601717 with a GF Score™ of 74/100 and a GF Value™ of ¥17.26 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 209 Farm & Heavy Construction Machinery companies, ZCZL Industrial Technology Group Co ranks better than 72.25% on this metric.

ZCZL Industrial Technology Group Co's average Accounts Payable for the three months ended in Mar. 2026 was ¥12,595 Mil. ZCZL Industrial Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥7,698 Mil. Hence, ZCZL Industrial Technology Group Co's Days Payable for the three months ended in Mar. 2026 was 149.29.

The historical rank and industry rank for ZCZL Industrial Technology Group Co's Days Payable or its related term are showing as below:

SHSE:601717' s Days Payable Range Over the Past 10 Years
Min: 91.34   Med: 123.77   Max: 214.19
Current: 136.85

During the past 13 years, ZCZL Industrial Technology Group Co's highest Days Payable was 214.19. The lowest was 91.34. And the median was 123.77.

SHSE:601717's Days Payable is ranked better than
72.25% of 209 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 68.13 vs SHSE:601717: 136.85

ZCZL Industrial Technology Group Co's Days Payable increased from Mar. 2025 (139.80) to Mar. 2026 (149.29). It may suggest that ZCZL Industrial Technology Group Co delayed paying its suppliers.


ZCZL Industrial Technology Group Co Days Payable Related Terms


ZCZL Industrial Technology Group Co Days Payable Historical Data

* Premium members only.

The historical data trend for ZCZL Industrial Technology Group Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ZCZL Industrial Technology Group Co Days Payable Chart

ZCZL Industrial Technology Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.81 120.67 126.86 142.36 140.17

ZCZL Industrial Technology Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 139.80 135.82 129.39 137.40 149.29

SHSE:601717 vs CAT, DE, PCAR: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, ZCZL Industrial Technology Group Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ZCZL Industrial Technology Group Co Days Payable vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, ZCZL Industrial Technology Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where ZCZL Industrial Technology Group Co's Days Payable falls into.


SHSE:601717
74GF Score
ZCZL Industrial Technology Group Co Ltd SHSE:601717
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZCZL Industrial Technology Group Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

ZCZL Industrial Technology Group Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (11375.774 + 13189.305) / 2 ) / 31983.831*365
=12282.5395 / 31983.831*365
=140.17

ZCZL Industrial Technology Group Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (13189.305 + 12001.128) / 2 ) / 7698.322*365 / 4
=12595.2165 / 7698.322*365 / 4
=149.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 149.29 mean?
ZCZL Industrial Technology Group Co (SHSE:601717) has a Days Payable of 149.29 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ZCZL Industrial Technology Group Co and its competitors. This is 21% above median its historical median of 123.77. Over the past decade, ZCZL Industrial Technology Group Co's Days Payable has ranged from 91.34 to 214.19. According to the industry distribution chart, ZCZL Industrial Technology Group Co ranks #58 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 27.8%.
Is ZCZL Industrial Technology Group Co's Days Payable too high?
ZCZL Industrial Technology Group Co's current Days Payable of 149.29 is 21% above median its 10-year median of 123.77. Over the past 10 years, this metric has ranged from a low of 91.34 to a high of 214.19. The Farm & Heavy Construction Machinery industry median Days Payable is 68.13. ZCZL Industrial Technology Group Co's value of 149.29 is 119.1% above this industry median. Based on the distribution chart, ZCZL Industrial Technology Group Co ranks #58 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, ZCZL Industrial Technology Group Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZCZL Industrial Technology Group Co's Days Payable compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, ZCZL Industrial Technology Group Co ranks #58 out of 209 companies for Days Payable. This puts ZCZL Industrial Technology Group Co in the upper half of its industry. The industry median Days Payable is 68.13. ZCZL Industrial Technology Group Co's value of 149.29 is 119.1% above this benchmark. Historically, ZCZL Industrial Technology Group Co's own Days Payable has ranged from 91.34 to 214.19 over the past decade. While the company's 10-year median is 123.77 vs. the industry median of 68.13, ZCZL Industrial Technology Group Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 68.13, based on 209 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZCZL Industrial Technology Group Co's current Days Payable of 149.29 is 119.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ZCZL Industrial Technology Group Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 68.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZCZL Industrial Technology Group Co's current Days Payable is 149.29, which is 21% above median its own 10-year median of 123.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZCZL Industrial Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, ZCZL Industrial Technology Group Co (SHSE:601717) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥17.26, compared to a current price of ¥15.34 — trading 11.1% below its estimated fair value. The current Days Payable is 149.29, which is 21% above median its 10-year median of 123.77 and 119.1% above the Farm & Heavy Construction Machinery industry median of 68.13. ZCZL Industrial Technology Group Co's overall GF Score™ is 74/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For ZCZL Industrial Technology Group Co (SHSE:601717), the current Days Payable is 149.29 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ZCZL Industrial Technology Group Co (SHSE:601717) Overvalued in 2026?

Based on GuruFocus' analysis, ZCZL Industrial Technology Group Co stock appears to be undervalued. The current stock price of ¥15.34 is trading 11.1% below its estimated GF Value™ of ¥17.26. GuruFocus considers ZCZL Industrial Technology Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:601717:

  • Days Payable: 149.29 (21% above median its 10-year median of 123.77)
  • GF Value™: ¥17.26 vs. price of ¥15.34 (11.1% below fair value)
  • GF Score™: 74/100 with 1 warning sign
  • Industry Position: 119.1% above the Farm & Heavy Construction Machinery median (#58 of 209)

No single metric tells the full story. See the SHSE:601717 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZCZL Industrial Technology Group Co Business Description

Other Exchanges 00564:Hong KongZGC:Germany
Address No. 167, 9th Street, Econ-Tech Development Zone, Henan Provincex, Pilot Free Trade Zone, Jingkai District, Zhengzhou, CHN, 450016
ZCZL Industrial Technology Group Co Ltd is an investment holding company. The Group is a supplier of coal mining comprehensive technology and equipment, and automotive parts manufacturing enterprise. The company's operating segment includes the manufacture of coal mining machinery, the manufacture of auto parts, and Industrial intelligence products. The main products are Intelligent working faces, Filling support, Caving support, Shield Support, Scraper Machine, and others. Geographically, the company operates in the PRC, Germany, and other countries.
74GF Score

Get the complete analysis for SHSE:601717

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥15.34
Price
¥17.26
GF Value